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The Economic Evaluation of the Forest Biodiversity in South Korea  

Kim, Jung-Taek (Dept. of Forest Management, Kangwon National Univ.)
Lee, Gwan-Gyu (Dept. of Landscape, Kangwon National Univ.)
Kim, Joon-Soon (Dept. of Forest Management, Kangwon National Univ.)
Publication Information
Journal of agriculture & life science / v.46, no.4, 2012 , pp. 31-39 More about this Journal
Abstract
In this study, biodiversity was classified as 4 sectors (genes, species, ecosystems, and cultures) and overall 14 indicators were subdivided by the classification criterion of 4 sectors. Among those 14 indicators, monetary evaluation was conducted for 11 indicators that can be quantified in economic perspectives. Results show that negative economy effects (forest degradation, forest fire, forest damage caused by diseases and insects, deforestation, and cost under the assumption with the adoption of the Nagoya Protocol to be compensated for traditional knowledge) by reducing forest biodiversity were evaluated as 254.5 billion won annually. Also, Bioindustry, indigenous species, forest production, protection area, and income associated with mountain village were considered as positive economy effects and their annual economic value was 6.72 trillion won. Net annual benefit by maintaining forest biodiversity was about 6.5 trillion won.
Keywords
Forest biodiversity; Indicators; monetary; Net benefit; Positive(negative) economy effect;
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